The global inulin market is forecasted to register a CAGR of 6.5%, and
reach a value of USD 1.5 billion by 2023.

The gaining popularity of prebiotic ingredients and rising awareness
towards low fat and calorie reduction is expected to fuel inulin market
demand during the next five years. Also, U.S. FDA has recognized inulin
as generally (recognized as safe) GRAS product, which is expected to
have a positive impact on the market.

Demand is majorly from the dairy industry where it is used for
formulations in cheese, ice creams, and yogurts. The growing importance
of low caloric sugar in food & beverages industry is likely to drive
demand. Stable inulin market price is expected to aid application
development and penetration.

The abundance of raw material in the form of chicory root in Europe and
China is likely to ensure continuous supply at stable rates and avoid
market volatility. The growing infant formula market demand in China and
India coupled with capacity expansion by baby food manufacturers, such
as Danone and Nestle is expected to positively impact the market.

Market Dynamics

Drivers

Growing Usage of Prebiotic Ingredients in Food & Beverage Industry

Growing Nutraceuticals Market

Restraints

Development of Synbiotics and Rising Use of Alternative Probiotic and
Prebiotic Ingredients

Opportunities

Increasing Usage of Inulin in Animal Feed

Application in Pharmaceutical Industry

Developments in the Market

February 2018 - Nestle and Danone, the baby food manufacturers, have
announced an increase in production capacity in India and China, which
is expected to have a positive influence on the demand of inulin.